CORPORATE LAW
The odd case of the odd-lot offer
If you’re a shareholder in Cashbuild or KAL Group you may have suffered expropriation, though not without compensation — whether you liked it or not
04 May 2023 - 05:00
When is expropriation not really expropriation? Apparently when it’s done by a listed company and the individual being expropriated of property has ignored, or not noticed, offers of purchase.
If you’re a small shareholder, holding fewer than 100 shares in a listed company, you could wake up one day to find you don’t actually own those shares. But instead, you own a bit of cash, which may or may not have found its way into your bank account. ..
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